China imports, exports fell again in July

China’s exports fell again in July as demand for goods overseas remained weak, the South China Morning Post reports. Analysts warned of difficult times ahead and forecast exports would be down across the year. Exports fell 4.4% last month in US dollar terms from the same period a year ago, according to data released by the General Administration of Customs on Monday. This compares with a drop of 4.8% in June. Imports decreased by 12.5% in July, worse than analysts expected, against an 8.4% fall in June. The nation’s trade surplus rose to US$52.3 billion from June’s US$48.1 billion. China’s total exports tumbled 7.4% year-on-year in the first seven months of 2016 to US$1.17 trillion. Imports are down 10.5% to US$860 billion.